All Forum Posts by: David Weintraub

Looking for an appraiser in Portland area who is familiar with doing both the "as is" and "subject to" valuations.  

If anyone can recommend someone I'd appreciate it.  

Thanks. 

Correction, NAR :-)

faux pas. 

I'll do my best. 

Sorry I missed this.  Didn't have my notifications setup property on my new email account :-/

Outside of real estate, but someone looking for a business line of credit, or business financing for a non-real estate business.   So happens to be a real estate business client of mine.

Loan anywhere from $200k-500K

Danke. 

 It really depends on the value of the property you purchase, whether or not getting rates in the 5s makes sense for you.  I'm not into people speaking for others. 

Matt  at Transfer Properties in Manayunk can handle this. 

mhe at transfer.properties

Never heard of a lender requiring this. 

I have a borrower who purchases condos (more difficult) for estimated $140,000 in NJ.  And the rent is around $1400 as well (1%), which is good for the area.

He uses HML, interest only, to acquire fast, and pays around 7.9% for 6 months, no rehab loans, and gets 75% of purchase. It's a "hard money loan", and he does refi out into conventional. Double close. Expenses are higher, but he's getting it done and cash flowing. He doesn't want to deal with banks, and needs money fast in a market that is competitive.

HML space is super competitive, and rates and terms are getting pretty close to banks for commercial loans.